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3724 Glendon Ave

Matthew Kanner Of Keller Williams Brokers $11.55M Multifamily Sale In Los Angeles
SOLDMultiFamily

Matthew Kanner Of Keller Williams Brokers $11.55M Multifamily Sale In Los Angeles

3724 Glendon Ave

$11,550,000

$475/SF

Building Size

24,318 SF

Asset Type

MultiFamily

Closing

Mar 8, 2023

AI

Located at 3724 Glendon Ave in Los Angeles, this multifamily property recently went on the market for sale. The property consists of 27 units with a total square footage of 24,318. The sale price for this property was $11,550,000, making the price per unit approximately $427,778. The price per square foot is estimated to be around $475. This transaction was facilitated by broker Matthew Kanner of Keller Williams.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $11,550,000
  • Units: 27
  • Price Per Unit: $427,778
  • Square Footage: 24,318
  • Price Per Square Foot: $475
  • Address: 3724 Glendon Ave, Los Angeles
  • Market: Los Angeles

This sale transaction was facilitated by Matthew Kanner of Keller Williams. His expertise and negotiation skills played a vital role in closing this deal. The property offers a great investment opportunity in the vibrant Los Angeles market.

Players

Matthew Kanner

Keller Williams Realty

Broker

$96.3M

vol

10 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.37%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93